ERCOT North 345KV Real-Time Off-Peak Daily Fixed Price Future

Description

A daily cash settled Exchange Futures Contract based upon the mathematical average of off-peak hourly electricity prices published by ERCOT for the location specified in Reference Price A.

Market Specifications

Trading Screen Product Name

Off-Peak Futures

Trading Screen Hub Name

ERCOT North 345KV Hub RT Off-Peak

Commodity Code

NED

Settlement Method

Cash settlement

Contract Size

50 MWh

Currency

USD

Minimum Price Fluctuation

The price quotation convention shall be One cent ($0.01) per MWh; minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 to this Chapter 18.

Listing Cycle

Up to 365 consecutive Daily Contract Periods

Last Trading Day

The Business Day prior to the Contract Period

Final Settlement

Reference Price A

REFERENCE PRICE A

ELECTRICITY-ERCOT-NORTH 345KV HUB-REAL TIME

a) Ref Price A - Description

"ELECTRICITY-ERCOT-NORTH 345KV HUB-REAL TIME" means that the price
for a Pricing Date will be that day's Specified Price per MWh of
electricity for delivery on the Delivery Date, stated in U.S.
Dollars, published by the ERCOT at
http://www.ercot.com/content/cdr/html/real_time_spp

b) Ref Price A - Pricing Date

Each day that prices are reported for the Delivery Date

c) Ref Price A - Specified Price

Average of SPPs for all hours ending 0100-0600, 2300-2400 CPT

d) Ref Price A - Pricing calendar

ERCOT

e) Ref Price A - Delivery Date

Contract Period

Final Payment Date

The sixth Clearing Organization business day following the Last Trading Day